Breaking News: Asia
Asia-Pacific markets are set to open lower on the penultimate trading day of 2024
Sunrise scene of Seoul downtown city skyline, Aerial view of N Seoul Tower at Namsan Park in twilight sky in morning. The best viewpoint and trekking from inwangsan mountain in Seoul city, South Korea Mongkol Chuewong | Moment | Getty Images Asia-Pacific markets were set to open lower on the penultimate trading day of this […]
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South Korea impeaches acting President Han Duck-soo, deepening political turmoil
Han Duck-soo, South Korea’s prime minister and acting president, speaks during a news conference after lawmakers passed a motion to impeach South Korean President Yoon Suk Yeol in Seoul, South Korea, on Dec. 14, 2024. Bloomberg | Bloomberg | Getty Images South Korea’s lawmakers on Friday voted to impeach acting President Han Duck-soo, in the […]
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China’s industrial profits extend decline to a fourth straight month, dropping 7.3% in November
Piles of coal at Rizhao port in China’s Shandong Province on Nov. 2, 2021. VCG | Visual China Group | Getty Images China’s industrial profits extended declines to a fourth straight month, dropping 7.3% in November from a year earlier, signaling that Beijing’s stimulus measures have yet to meaningfully stem the slide in corporate earnings. […]
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Honda shares set for best day in more than 16 years on share buyback plan, Nissan deal
A sign marks the location of a Honda dealership in Libertyville, Illinois, on Dec. 18, 2024. Scott Olson | Getty Images Shares of Japanese automaker Honda were on track for their best day in 16 years after it announced to buy back up to 1.1 trillion yen ($7 billion) of its shares on Monday amid […]
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Asia-Pacific markets open higher after Wall Street gains on tech strength
People posing for photos in front of a Christmas light installation in central Seoul on December 22, 2023. Jung Yeon-je | Afp | Getty Images Asia-Pacific markets opened higher on Christmas Eve, after key U.S. benchmarks rose overnight helped by gains in tech stocks. Japan’s Nikkei 225 and Topix were nearly flat as minutes of […]
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Honda and Nissan officially begin merger talks to create world’s third-largest automaker
Vehicles are offered for sale at a Nissan dealership on December 18, 2024 in Libertyville, Illinois. Scott Olson | Getty Images Japanese automakers Nissan and Honda on Monday announced they had entered into official talks to merge and create the world’s third-largest automaker by sales. In a press conference on Monday, Honda CEO Toshihiro Mibe said the […]
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Asia markets begin Christmas week higher; Nissan-Honda merger deal in focus
Couple looks at light-emitting diode illuminations ahead of Christmas in Tokyo, Japan Kiyoshi Ota | Bloomberg | Getty Images Asia-Pacific markets started the holiday-shortened Christmas week on a positive note, after a U.S. government shutdown was averted over the weekend. On Monday, investors will be looking out for any official announcement related to the merger […]
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China keeps benchmark lending rates steady as Fed signals fewer cuts ahead
BEIJING, CHINA – DECEMBER 02: The People’s Bank of China (PBOC) building isn seen on December 2, 2024 in Beijing, China. Visual China Group | Getty Images China kept its main benchmark lending rates unchanged on Friday, as Beijing faces the challenge of bolstering economic growth while backstopping a weakening yuan. The People’s Bank of […]
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Asia markets trade mixed as investors await China rate decision
The central bank of the People’s Republic of China is responsible for formulating and implementing monetary policies, preventing and defusing financial risks and maintaining financial stability. Peng Song | Moment | Getty Images Asia-Pacific markets saw a mixed open on Friday as investors digest inflation data out of Japan and await an interest rate decision […]
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Asia markets tumble after Fed’s cautionary outlook prompts Wall Street sell-off; BOJ keeps rate on hold
Japan ,Tokyo City skyline, Tokyo Tower. Prisma By Dukas | Universal Images Group | Getty Images Asia-Pacific stocks and currencies fell Thursday, amid a broader market sell-off after the U.S. Federal Reserve delivered its third consecutive rate reduction and signaled fewer rate cuts ahead. Investors assessed the Bank of Japan’s decision to keep its policy […]
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